Tritium DCFC Limited (DCFC) Is Down -44.09% in 2024 With Lots of Room to Run

Tritium DCFC Limited (NASDAQ: DCFC) is -44.09% lower on its value in year-to-date trading and has touched a low of $0.09 and a high of $2.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DCFC stock was last observed hovering at around $0.11 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.12, the stock is -6.03% and -28.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.51 million and changing 13.89% at the moment leaves the stock -80.99% off its SMA200. DCFC registered -91.15% loss for a year compared to 6-month loss of -89.49%. The firm has a 50-day simple moving average (SMA 50) of $1.14 and a 200-day simple moving average (SMA200) of -$2.43.

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The stock witnessed a -31.86% gain in the last 1 month and extending the period to 3 months gives it a -38.59%, and is -6.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.93% over the week and 14.50% over the month.

Profit margin for the company is -65.77%. Distance from 52-week low is 36.36% and -94.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-1089.30%).

Tritium DCFC Limited quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $359.96M over the same period., but quarterly earnings will post 95.10% year-over-year. Quarterly sales are estimated to grow 95.10% in year-over-year returns.

Tritium DCFC Limited (DCFC) Top Institutional Holders

49 institutions hold shares in Tritium DCFC Limited (DCFC), with institutional investors hold 17.55% of the company’s shares. The shares outstanding are 142.01M, and float is at 140.92M with Short Float at 2.84%. Institutions hold 12.73% of the Float.

The top institutional shareholder in the company is Varley Holdings Pty Ltd with over 15.67 million shares valued at $26.32 million. The investor’s holdings represent 9.79% of the DCFC Shares outstanding. As of Jun 29, 2023, the second largest holder is Riverstone Holdings Llc with 7.54 million shares valued at $8.22 million to account for 4.71% of the shares outstanding. The other top investors are Invesco Ltd. which holds 3.13 million shares representing 1.96% and valued at over $3.41 million, while CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT holds 0.99% of the shares totaling 1.58 million with a market value of $1.73 million.

Tritium DCFC Limited (DCFC) Insider Activity

A total of 0 insider transactions have happened at Tritium DCFC Limited (DCFC) in the last six months, with sales accounting for 0 and purchases happening 0 times.